Netflix hiking prices - for some

posted by Evann Gastaldo, Newser Staff
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2 years ago

(NEWSER) – The bad news: Netflix is upping its prices this quarter. The good news: If you're already a customer, you'll get a "generous" grace period during which you'll continue to pay the current $7.99 monthly streaming fee, the company announced today in its quarterly earnings release. The price hike will be $1 or $2 extra per month, the Los Angeles Times reports. It's not clear how long the grace period for existing customers will be, but in January, Netflix hiked prices for new subscribers in Ireland, and let existing customers keep their lower subscription fees for two years.